The bottom line

Twenty-five families now control almost $1.4 trillion in wealth. The world’s wealthiest family, the Waltons of Walmart, have grown their fortune by $39 billion to $191 billion since June 2018—an increase of $4 million every hour.

Bloomberg.com

Verizon is selling the social network Tumblr to Wordpress for $3 million. That’s a discount of more than 99 percent from the $1.1 billion that Yahoo, now owned by Verizon, paid for Tumblr in 2013.

Axios.com

New York City’s Uber and Lyft drivers have one overwhelming ride of choice: Toyota Camry. The model makes up 38 percent of the 72,000 nonpremium app-dispatched vehicles in the city.

The Wall Street Journal

Saudi Aramco, the kingdom-owned oil group, earned $46.9 billion in profits in the first half of this year. That’s down 12 percent from the year before, but almost eight times what Amazon made. The company is preparing for an IPO said to be valued at $2 trillion.

TheGuardian.com

SpaceX launched the cremated remains of 152 people on its Falcon Heavy rocket into space. A company called Celestis facilitated these “funeral flights,” charging over $5,000 for 1 gram of “participant” ashes.

Axios.com

Boeing sold zero new 737 Max jets for the fourth straight month. The jetmaker, however, still has a backlog of 4,600 orders left to fill.

CNBC.com

Is that a résumé—or a Tinder profile?

Young job applicants’ CVs are coming in adorned with colored photos and headshots and wrapped in “Instagram-friendly palettes of mint green and pastel pink,” said Chip Cutter in The Wall Street Journal. Some “are even adding bitmojis, those personalized avatars used in text messages and on social media,” to digital versions of their résumés. The CEO of a fitness startup said a few résumés she has received lately “looked more like a Tinder profile.” The trend goes against efforts by employers to strip down CVs to the most essential elements—in some cases, blinding out even names and addresses—to reduce bias in hiring. A few managers like the personalization. One CEO recalls a digital résumé that “included an avatar of the applicant sweating,” to show she could “hustle like no one else.” The CEO appreciated the effort. But the applicant didn’t get the job. ■